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steve, where do you come out in this? he said what congressman said that the evidence of fraud is very, very small. yet, almost everything else we do in society today requires an id. one of the things i don't understand, you find accusation of voter fraud in democratic primaries in newark, new jersey corey booker's people accused frazier's people of fraud. >> did anyone go to court on th this. >> i know we are talking about new jersey, but please. >> the entire political machine in essex county supported james. who was re-elected in. >> i admire bill, but there is nothing in the constitution that says we have a right to have illegal elections. >> i'm not advocating in any way someone who has the right to vote voting one, two, three times. >> in mississippi, come on it is wrong. >> and this is the effort that. >> if you had a voter id requirement it would be hard to keep voting the dead multiple times. >> come on larry, nobody is advocating that. >> i think the elect tore is hop e honest. i went through a situation where m
steve, where do you come out in this? he said what congressman said that the evidence of fraud is very, very small. yet, almost everything else we do in society today requires an id. one of the things i don't understand, you find accusation of voter fraud in democratic primaries in newark, new jersey corey booker's people accused frazier's people of fraud. >> did anyone go to court on th this. >> i know we are talking about new jersey, but please. >> the entire political...
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. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the europe crisis saying it polesed economic downside risk. members were concerned with the upcoming u.s. fiscal cliff and a number of participants highlighted the uncertainty of qe. i talk about members in the first part. those are voters. now participants are the fuller board. as we'll see in a little bit, this fuller board includes hawks but they're not in the voting rotation right now. some of those object as they say qe probably works best under financial market stress, not under the current conditions. it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is
. >>> but first, those fed minutes right now with steve leisman. steve? >> brian, thanks very much. these are the minutes from the monumental meeting where the federal reserve decided on open-ended quantitative easing. the minutes show all members but one, the dissenter jeffrey lacker, agreed on quantitative easing. deciding without additional qe, the labor market would not improve given the underlying economic fundamentals. among the reasons for the decision, they looked at the...
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steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement in labor market conditions, the criteria for how long we're going to continue with very accommodative policies and that's a step in the right direction. >> a step in the right direction but is it enough? you want the fed to do this for a particular reason, which
steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot...
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to steve's point i would address this. i drove a cadillac -- when i brought my fwal to the prom as not in a pinto it was an el dorado. this 114,000 job number has to stick out to you. we're looking for 140 to 150,000. 114 is not a great number. >> most guys think that number will be revised. i'm not concerned about the 114, but i'm also not buying the 7.8. that's telling me we're making jobs at 200, 250. i have no problem believing the average in the past six weeks, 145 is where we are right now. >> guys? >> let's say 8%. call it 8% the rate. to pete's point the market wants to continue to go higher. obviously it sold off a little bit in the looft few minutes. understood. i still adhere to my comments the market doesn't give me this the long sell the highs which do i believe we have to push towards 1500, 1525 in the s&p and names we've hammered home. home depot at 12 1/2 year high. there are secular stories that continue to work and i believe they will continue network. >> what are you doing with this? >> well, listen, you
to steve's point i would address this. i drove a cadillac -- when i brought my fwal to the prom as not in a pinto it was an el dorado. this 114,000 job number has to stick out to you. we're looking for 140 to 150,000. 114 is not a great number. >> most guys think that number will be revised. i'm not concerned about the 114, but i'm also not buying the 7.8. that's telling me we're making jobs at 200, 250. i have no problem believing the average in the past six weeks, 145 is where we are...
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but steve is right, we know the demographic trends. can influence the decision about how much longer to stay in the labor force or when to enter it. we know some are leaving permanently because of the economy, some young people are continuing in school because of the economy. those things could turn around. >> we've got to go. but, steve, i was 45, i'm only 55, 20 years later. i froze. jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] get more access with the citi card. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps
but steve is right, we know the demographic trends. can influence the decision about how much longer to stay in the labor force or when to enter it. we know some are leaving permanently because of the economy, some young people are continuing in school because of the economy. those things could turn around. >> we've got to go. but, steve, i was 45, i'm only 55, 20 years later. i froze. jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not...
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. >> steve and rick, get along, would you? okay. where were we, maria? how's san francisco? >> everything's good. it's gorgeous here. i didn't realize how hot it would be. we're following the oracle story. they made some big announcements here about the cloud. we have a market that is about to really focus on fundamentals, i think. >> we were down about 90 points at the low. the dow is down 66 now with about 55 minutes to go today. >> don't go anywhere. we've got much more ahead on this huge edition of the "closing bell." >>> coming up, shooting from the lip. outspoken and controversial former yahoo! chief carol barts weighs in on the future of the tech giant and whether it's heading in the right direction. >>> plus, the oracle of oracle. maria sits down for an exclusive interview with larry ellison. what game changing products does the firm have in the pipeline, and what will the free-spirited ceo buy next? find out straight ahead. >>> and class action. in another exclusive, the man in charge of settling claims against convicted sexual offender jerry sandusky talks to maria
. >> steve and rick, get along, would you? okay. where were we, maria? how's san francisco? >> everything's good. it's gorgeous here. i didn't realize how hot it would be. we're following the oracle story. they made some big announcements here about the cloud. we have a market that is about to really focus on fundamentals, i think. >> we were down about 90 points at the low. the dow is down 66 now with about 55 minutes to go today. >> don't go anywhere. we've got much...
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we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think there are great opportunities going toward the fourth quarter. i am looking at certain areas i want to remine offensive and remain opportunistic and i am looking at certain names i know you like as well and i still think apple is under valued and goes higher. that's one of the names i would point out. if our on the defensive side i am looking at the big pharma names where you are looking at the valuation and the yield as well as the big money center banks and i would also stick with something like a kkr, black stone, and a lot of students depending how aggressive or offensive or defensive you want to be.
we're getting your fourth quarter play back from pete and steve here with me and stephanie link and steve grasso and i will start with you. given what happened last week in the market, did you guys come in today a little skeptical about this move in the market and then we got the ism report and that changed your way of thinking? >> i think you always come in skeptical because you wonder how much is window dressing and how much is the market itself creating and when you look at it, i think...
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that's the old steve jobs still at work and they need to break with that. >> steve wouldn't you know it the president talks right in the middle of our conversation. i'm going to have to let you go and hopefully we can restart this at a later date. >> that's fine. thank you. i'll defer to the president. >> jim start your talking some apple. as we wait for the president to start talking about the jobs number we'll go to john harwood for a quick preview what his message might be. john is in washington. good morning, john. >> good morning. i think his message will be one we've heard from the administration which is first of all they are delighted by the news. delighted the rate is under 8%. delighted the august numbers were revised upward. but also have a tempered tone and say we got a lot of work to do because we do as one economic analyst told my colleague at the "new york times" earlier today this economy seems to only have three gears, slow, or reverse. it's not a good economy for president obama to be running with but this is good news. it was good news for the country that just a f
that's the old steve jobs still at work and they need to break with that. >> steve wouldn't you know it the president talks right in the middle of our conversation. i'm going to have to let you go and hopefully we can restart this at a later date. >> that's fine. thank you. i'll defer to the president. >> jim start your talking some apple. as we wait for the president to start talking about the jobs number we'll go to john harwood for a quick preview what his message might be....
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here now is democratic strategist steve mcmahon. and then cnbc contributor geoff jennifer rubin, author of the "washington post" right turn blog. jennifer was it a game changer for the whole presidential race? >> it potentially can be. what has to happen now romney has to build on that day after day. the difficulty they've had, this was true in the primary as well, they have a few good days and then they get off message or they fumble the ball a little bit. if they can string together one good day after another they only have to do it 33 more times they can get it done. >> growth, jennifer. growth, tax reform, lower the base, broaden the base, jobs. he had the kudlow script last night. >> he did. what is so telling is that the president is so thrown off balance he's insisting that romney has changed his plan because he wasn't giving the obama talking points. >> well now hold on. >> the democrats have mischaracterized romney's plans up the ying yang. so when he comes forward and tells what his plans are it's a shock. they think he's
here now is democratic strategist steve mcmahon. and then cnbc contributor geoff jennifer rubin, author of the "washington post" right turn blog. jennifer was it a game changer for the whole presidential race? >> it potentially can be. what has to happen now romney has to build on that day after day. the difficulty they've had, this was true in the primary as well, they have a few good days and then they get off message or they fumble the ball a little bit. if they can string...
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steve moore got the best of those two conclusions. igor volsky, steve moore. >> coming up, the jobless rates hits a five-year high. investors have been fleeing the stock market in droves. the question is can they come back. don't forget, folks, free market capitalism is the best path to prosperity. if we had adopted free market capit capitalism in 2009, the unemployment rate would be about 5.5%. i'm kudlow. we'll be right back. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. . >>> another winning week for stocks. between today's positive jobs report and romney's ace debate, the dow added 173 points to the plus side for the week. so let's talk. fellas, i want to get to the second story, too, but give me some lightning round stuff. jim you
steve moore got the best of those two conclusions. igor volsky, steve moore. >> coming up, the jobless rates hits a five-year high. investors have been fleeing the stock market in droves. the question is can they come back. don't forget, folks, free market capitalism is the best path to prosperity. if we had adopted free market capit capitalism in 2009, the unemployment rate would be about 5.5%. i'm kudlow. we'll be right back. if we want to improve our schools... ...what should we invest...
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>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to connect the rest of the world." this is a major milestone for the company. facebook hit 500 million active users, doubling its size in two years. mark zuckerberg taped an interview with matt lauer airing exclusively on the "today" show shortly, that sitdown his first since the ipo coming up later this afternoon. >> yesterday afternoon i saw a headline, facebook is going to charge you $7 if you want to send posts, headlines to your friends. sounded crazy. >> facebook is testing all sorts of different ad models and facebook gives you the option of paying to promote your post to yo
>> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to...
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and steve grasrg and citigroup was downgraded at sterne agee. a little stall because of concerns about windows 8 and whether or not it's going to be robust. q3 could be a make-or-break quarter for them. "the journal" points out, there's no place to try out the new tablet. are you going to buy a tablet just on blind faith without trying it out? >> tiff beta. it's quite exciting. but excitement doesn't necessarily equal sales. there was a downgrade of nokia saying the windows 8 operating system, not good for phones. intel seems to have lost its way with that 4% yield being the only reason to be in it. the desktop -- i feel very triceratops here with this. >> how about the story in "the times" over the weekend about meg whitman? >> they still make a lot of them. but the question is, is it really a business you want to be in? >> do you remember scm? >> yes. >> smith corona mar chant. they were making electric typewriters like they were going out of style. >> that "times" story, not a lot that we didn't already know in terms of what hp is trying to a
and steve grasrg and citigroup was downgraded at sterne agee. a little stall because of concerns about windows 8 and whether or not it's going to be robust. q3 could be a make-or-break quarter for them. "the journal" points out, there's no place to try out the new tablet. are you going to buy a tablet just on blind faith without trying it out? >> tiff beta. it's quite exciting. but excitement doesn't necessarily equal sales. there was a downgrade of nokia saying the windows 8...
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as if somehow the company that steve jobs c
as if somehow the company that steve jobs c
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here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor force. plug in the numbers. 7.8% unemployment rate gives us -- calculates from 12.1 million unemployed divided by the 155.1 million labor force. you can do that at home, if you like. and now here's what happened this month. okay? the number of unemployed dropped by nearly half a million. down by 456,000. the number of employed in this household survey up by 873,000. but wait, because the one thing we're watching here is the number of people who were employed but were part-time but they wanted full time work. we call it for economic reasons. up by 582,000. that's the third september
here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard about. take a look at how we got here. first a little bit of the math. the unemployment rate is calculated by essentially taking the number of unemployment and simply dividing it by the labor...
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let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers. i think i wouldn't be surprised if it came in a little soft. >> kate, do you agree with that? if so, is this priced into the market? >> yes, absolutely priced in, maria. great question. what they're going to expect is for it to be terrible. if it isn't terrible, we'll see a rally. what matters most to this market is earnings. we're in pre-earnings disappointment season where we're going to float a little bit until earnings come out. we've seen a friend where earnings have beat expectations. we've gone down to earnings, earnings beat expectations, then we've had a good rally. i thin
let me get your take, steve. on the jobs report on friday, what should we expect? >> i think it's going to come in lighter than the adp. the adp has been a poor indicator of the jobs number. i think there's a reason the fed gave us qe-3, because they saw the softness in the labor market. i think it could come in a little on the weak side. more importantly, the official jobs number is the revisions backwards. they've been going back through previous months and knocking down those numbers....
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today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program. is it your opinion, the opinion of the u.s., that the europeans are following through on their latest set of commitments when it comes to solving their financial crisis? >> well, you're right, they've made a series of very important commitments over the course of the summer and into the fall. they are much better prepared. they have a set of tools that can help governments like spain continue to access the markets at affordable rates while they continue making these very challenging reforms. we have seen a number of developments in spain in recent days. we have seen a budget come out that continues to
today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program....
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steve, how about some of the hits, runs, and errors from those feds minutes? it didn't move the markets to any great degree today. >> i think we knew where people stood. the voting members are more or less in favor of the policy that came out, which was the one, the open-ended quantitative easing. the non-voters, there are more objections there. that's where more of the hawks are in the current rotation of the fomc. i don't think we learned anything new about there being a bigger or wider split when it comes to the new policy out there. they do have work to do, guys. they're working on the calendar date guidance. they're working on a whole bunch of other stuff that's out there. for example, the fomc individual interest rate forecast, and i think the way maria led into this, that we need new information, that's absolutely true because we don't know what happens in january. it's unclear how to calibrate the incoming economic data with what the fed is going to do in january. >> yeah, so we still have a fair amount of uncertainties on the table. yet, a little more
steve, how about some of the hits, runs, and errors from those feds minutes? it didn't move the markets to any great degree today. >> i think we knew where people stood. the voting members are more or less in favor of the policy that came out, which was the one, the open-ended quantitative easing. the non-voters, there are more objections there. that's where more of the hawks are in the current rotation of the fomc. i don't think we learned anything new about there being a bigger or wider...
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obviously as you remember, steve jobs famously panned the smaller tablets. but people seem to like them. they're serving a purpose. so apple wants to play in that game and they should. that's a smart move. >> but why should they? they already lead in the tablet department with the ipad. why dabble in something that seems to be a fairly sizable risk? >> my guess is they won't dabble. they'll go into it. and the reason it's important, mobile, all of the devices from the iphone to the tablets, are becoming platforms and folks are building apps on top of them, you standardize your household and your work around a particular operating system. in this case i chos. and this will be another one of those. if apple was missing a key device that a lot of people wanted, especially at a price point a lot of people wanted, that could hurt them over the long haul in term hes of market share. so definitely smart for them to play there. the issue is what does it do to their margins. with the mini, you may see this is a much lower margin product than the iphone. >> are they w
obviously as you remember, steve jobs famously panned the smaller tablets. but people seem to like them. they're serving a purpose. so apple wants to play in that game and they should. that's a smart move. >> but why should they? they already lead in the tablet department with the ipad. why dabble in something that seems to be a fairly sizable risk? >> my guess is they won't dabble. they'll go into it. and the reason it's important, mobile, all of the devices from the iphone to the...
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it's been a year since the death of steve jobs. has apple gotten past the tragic loss, or is it steel relying on the ideas of its late ceo? >>> and, numbers game? former labor secretary elaine chow reacts to critics claiming something is out of whack with the drop in today's unemployment rate. >>> also, no room for a view. why did ikea exclude women from its ads in saudi arabia? brilliant marketing plan or a giant misstep? we'll assemble the facts coming up on the "closing bell." at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversif
it's been a year since the death of steve jobs. has apple gotten past the tragic loss, or is it steel relying on the ideas of its late ceo? >>> and, numbers game? former labor secretary elaine chow reacts to critics claiming something is out of whack with the drop in today's unemployment rate. >>> also, no room for a view. why did ikea exclude women from its ads in saudi arabia? brilliant marketing plan or a giant misstep? we'll assemble the facts coming up on the...
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steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
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how about it, steve, how are you playing it? >> first of all, scott, i have to pay off a debt to dave. he kicked my butt on the golf course. he rallied big. i'll get him next week. as far as the market goes, though, here's what i would say. earnings for the third quarter everybody knows they are going to be terrible. my daughters know they will be terrible, my dogs know it's going to be terrible. that's discounted in the market which will drive the market from here is the fourth quarter guidance and guides for 2013 and those are still very robust numbers in the s&p if they don't the major companies report don't take a hatchet to those earnings forecasts. so i think they will be okay. spain is the big issue. they will come in and ask for a bailout which is why a lot of credit funds are working today because maybe it was today. >> you're nothing if not a name dropper, right? i'm glad you don't throw out the names of the high rollers that you roll with. >> you judge by the company you keep. which is why i'm sitting as far away from
how about it, steve, how are you playing it? >> first of all, scott, i have to pay off a debt to dave. he kicked my butt on the golf course. he rallied big. i'll get him next week. as far as the market goes, though, here's what i would say. earnings for the third quarter everybody knows they are going to be terrible. my daughters know they will be terrible, my dogs know it's going to be terrible. that's discounted in the market which will drive the market from here is the fourth quarter...
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thanks very much, steve. please stick around. don't go anywhere. our next guest has exclusive hiring information and a survey that shows 58% of companies plan to hire next year, but 69% are waiting for issues to be resolved. >> gary, good to have you here. first, what do you think of today's jobs numbers? do you believe them? do they reflect what you're seeing? >> well, i've probably met with 100 ceos over the last month. it's more of the same. this is not a standing ovation for sure. >> in terms of the numbers. i'm assuming you believe them and that it's not just a great number in terms of the way you look at it. >> no, it's reality. i mean, this is a decade of readjustment. there is a real fight for growth and relevancy today. if you talk to any ceo, and ceos today are looking to innovate then hire, not hire then no innovate. >> what sectors are you seeing where we're getting real hiring going on right now? >> well, the two most obvious are in health care. that'll be 20% of the economy. and technology. those two are very, very strong. on the othe
thanks very much, steve. please stick around. don't go anywhere. our next guest has exclusive hiring information and a survey that shows 58% of companies plan to hire next year, but 69% are waiting for issues to be resolved. >> gary, good to have you here. first, what do you think of today's jobs numbers? do you believe them? do they reflect what you're seeing? >> well, i've probably met with 100 ceos over the last month. it's more of the same. this is not a standing ovation for...
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steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street economists. data this morning -- up 162,000 from the private sector. that's a bit better than expectations which were in the 150,000, 155,000 range. in august it was revised down to 189,000. the non-farm payroll estimates. we won't know until friday if that is higher. here's the misses we've had over the past three months. it's been 63,000 heavy compared to the bls private sector report. you can see over the course of the year it's been a little bit on the high side making economists wary about upping their estimates. what has been a little bit on the up side is jobless claims. other data that helped buoy optimism, slightly higher than claims in last month's survey week. the ism jobs man
steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street economists. data this morning -- up 162,000 from the private sector. that's a bit better than expectations which were in the...
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steve jobs. her reality was certainly distorted in my opinion. unlike jobs, there's no particular reason to believe that alas her distorted reality will ever come true. first, i found this morning's interview painful. maybe because debate talk was in the eejer, maybe because whitman tried and fail to be governor of california. the ceo came up as a yes pol. i'm willing to answer any question about how she could save hewlett-packard from going away. she talked the cheerleader game about the 320,000 dedicated hewlett-packard employees which by my count may be 100,000 too many. she didn't answer how he had can stop apple. she didn't make a real case for hardware models. she didn't explain how things could have gotten so awry or why the generation is not enthralled with her products. and ruled out a wait until next year turn by saying it will be 2014 before we see any positive results from the company. i hope that reality isn't distorted, too. there is no reason for a company to exist just because it
steve jobs. her reality was certainly distorted in my opinion. unlike jobs, there's no particular reason to believe that alas her distorted reality will ever come true. first, i found this morning's interview painful. maybe because debate talk was in the eejer, maybe because whitman tried and fail to be governor of california. the ceo came up as a yes pol. i'm willing to answer any question about how she could save hewlett-packard from going away. she talked the cheerleader game about the...
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big tax -- >> coming up next, my pal steve meister. are you expecting just as an ordinary person who writes the occasional column and follows the politics, do you think we're going have a big smacking huge tax hike after the election, do you think the so-called tax cliff we're all going to fall into it? >> we're at this fiscal cliff, obama is going to engage in this class warfare his entire four years and he has sees it as taking from the rich to give to the poor. although it's obviously just transgenerational stuff he's engaged in. romney has got to come out with significant, permanent tax cuts. that's the supply side. >> i remember the '80s, i remember the 1980s. >> you will see lots of them coming up, david goodfriend, robert costa and having them rent apartments in new york city. that's it for this evening's show. i'm kudlow, thanks for watching. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, w
big tax -- >> coming up next, my pal steve meister. are you expecting just as an ordinary person who writes the occasional column and follows the politics, do you think we're going have a big smacking huge tax hike after the election, do you think the so-called tax cliff we're all going to fall into it? >> we're at this fiscal cliff, obama is going to engage in this class warfare his entire four years and he has sees it as taking from the rich to give to the poor. although it's...
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i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the winter blend will allow the refiners reduce 10% of gasoline. that's like adding another refinery to the market. >> how much is this the structure of refining in that state. why is this happening? >> well, the evidence points towards refining problems. a fire at the chevron richmond refinery in august. power bumped knocked exxonmobil off line last monday. two of the big reasons. and then, of course, this is a difficult market to resupply from long distance. we're sort of an island. when there's a sudden supply short fall it's tough to get addi
i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the...
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earlier some attributed part of the rally to what chicago fed bank president charlie evans told our steve liesman this morning on cnbc. listen. >> in my opinion, we'd continue with the asset purchases until we see payroll employment more like 200,000, 250,000. >> you're saying continue at 85 billion into all of 2013? that would be your recommendation? >> this is my recommendation. >> so is the fed's bond buying spree fueling the markets and should we be worried it won't last? that's what we're talking about right now. eric is with us of gerring wealth management. he says yes. gary clark says be defensive knew, expect a rally after the election. thanks for joining us. harry, why do you expect a rally after the election? we'll get nr clarity then? >> that's one thing. the uncertainty is the death of the market. i think we're going to get a correction first. the market is tired. the tired gain of last month was two days. ecb day and qe forever day. that's not good for the markets. the market needs a correction. think now anywhere from 5% to 8% will do it. a lot of money out there waiting to
earlier some attributed part of the rally to what chicago fed bank president charlie evans told our steve liesman this morning on cnbc. listen. >> in my opinion, we'd continue with the asset purchases until we see payroll employment more like 200,000, 250,000. >> you're saying continue at 85 billion into all of 2013? that would be your recommendation? >> this is my recommendation. >> so is the fed's bond buying spree fueling the markets and should we be worried it won't...
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one of the largest lenders on the hot seat. >>> and would steve jobs approve of the way ceo steve cook apologized for the so-called mapple gate? much more "squawk on the street." i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. when you take a closer look... ...at the
one of the largest lenders on the hot seat. >>> and would steve jobs approve of the way ceo steve cook apologized for the so-called mapple gate? much more "squawk on the street." i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is likable enough. he has to avoid that kind of characteristic. mitt romney, on the other hand, what mitt has to do is prove that he's a human being, that he's a tin man who has found a heart, who cares about people other than his social class. and secondly, he has to put barack obama o
steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting...
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zells said is similar to what steve jobs said before passing away. this is a country where it is just too hard to do business in. >> yeah. i was going to say, you're not much of a golfer guy but a tennis guy, right? >> ryder was just a collapse. >> yeah. we let pollster on -- for me it was going to a shrink or something. it was come peopling but my heart was racing, i had butterflies in my stomach and didn't think it could happen. when it did, i felt hollow after it. >> i had a bunch of guys going to the eagles/giants game. you would have thought either of the games would have been talked about. the ryder cup is all i heard about. people felt bad for america. it was a patriotic thing. >> for one eagle moment, i just thought, i don't know, ma lays, i thought, we can't do this right. >> if they come in with cardigan sweaters the next time we see the golfers with the cardigan and have to start talking about turning down the thermostat, it is pool game over. >> all right. jim, thank you. we'll see you in a few minutes. >>> all right. we'll see jim in a f
zells said is similar to what steve jobs said before passing away. this is a country where it is just too hard to do business in. >> yeah. i was going to say, you're not much of a golfer guy but a tennis guy, right? >> ryder was just a collapse. >> yeah. we let pollster on -- for me it was going to a shrink or something. it was come peopling but my heart was racing, i had butterflies in my stomach and didn't think it could happen. when it did, i felt hollow after it. >>...
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when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered because he had the wrong ceo and a guy who didn't understand the tech business but under current of apple when steve came back the reason they accelerated so successfully is in place was a great culture and great group of people who were still there. apple was in place, unfortunately they didn't have a right product division. >> do you have views on hewlett-packard? >> absolutely. greatest success of apple and part of my book is called the product vision. and hewlett-packard has totally lost its product vision. here they had the greatest printer in the world, they had the printer market, they don't do that anymor
when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered...
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steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some pulse down here. there was a lot of social media, people got gaffed. any time you see new companies, you think, maybe i should stop shorting goldman sachs and maybe there is a sign of capital formation. p excellent show stopper yesterday. and mark cuban was so great and the destruction of the capital markets. cuban, cooperman, these guys are not idle thinkers. they are the best we have. and high frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in
steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some...
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. >> steve liesman has an interview with chicago fed president charlie evans on "squawk box." whether comments from fed officials be able to swing things around bearing in mind we've basically committed now every month to spending whatever it takes? >> no, i think they're committed. we want to hear essentially getting to congress a message that says our job is done. it's now up to you to make sure that fiscal policy sets a growth agenda that makes sense. that's what's missing in this equation. >> jack, good to see you. thanks for that. if you see any slightly bruised and feeling worse for themselves european golf fans, just point them to bed or something. we'd appreciate that. thanks for that, jack. good to see you. that's it, we'll leave and you look at u.s. futures. coming up next, "squawk box." we hope you have a profitable day. #. >>> welcome to the first day of the fourth quarter. factory data out of europe, what are calling an inevitable new recession. in the u.s., investors are preparing for friday's jobs report and barack obama and mitt romney are hunkering down for de
. >> steve liesman has an interview with chicago fed president charlie evans on "squawk box." whether comments from fed officials be able to swing things around bearing in mind we've basically committed now every month to spending whatever it takes? >> no, i think they're committed. we want to hear essentially getting to congress a message that says our job is done. it's now up to you to make sure that fiscal policy sets a growth agenda that makes sense. that's what's...
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steve jobs, he's gone, it doesn't matter, stick with hewlett! >> listen, we ship two pcs every second. this is an enormous business. we're seeing growth in a lot of areas. we have an entirely new design lineup. we have put real emphasis on design. and this is something hp does quite well. we have terrific product engineering. now married with a design organization. i think we've got a really good shot here, and we've gotten great response to these devices. you know, listen. we are one competitive company. we now have a sharp competitive focus. we know what we have to do to compete. and we're going to do it. i wouldn't bet against us. i wouldn't bet against the technology that this company has in the pipeline and our commitment to delivering great products and to meeting customer needs. one thing i'll tell you about hp. through all the change at the top, through all the craziness, our people have delivered for customers. we will do anything for customers. and i think that's a great strength of the company that we're going to build on. >> meg, you
steve jobs, he's gone, it doesn't matter, stick with hewlett! >> listen, we ship two pcs every second. this is an enormous business. we're seeing growth in a lot of areas. we have an entirely new design lineup. we have put real emphasis on design. and this is something hp does quite well. we have terrific product engineering. now married with a design organization. i think we've got a really good shot here, and we've gotten great response to these devices. you know, listen. we are one...
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. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in madrid. >> thanks, beccy. expect to go well despite relatively chunky 4 billion euros at the top end. we will bring you all the latest after the break. >>> waiting on spain. ecb expected to hold steady on rates when central bankers meet today. the country's president tells cnbc that europe's policymakers must remain focused. >> about if we get bogged down discussion of what was hent by the june agreements and waste time on this kind of discussion, then it's much less likely that a company here represent system will emerge. >> madrid continues t
. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in...
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>> how did she answer that, steve? >> i mean, you know, she was very -- she would say you would have to admire him for his guts and courage, you know? she took a really light-hearted view of it. i mean, like they say, you know, their daughter is not there yet. my daughter is 15, you know. she had her first boy guest over with a group of girls, you know, group of girls and guys came over to the house this past labor day, so, i mean, it's something we all got to face eventually. i hated the boy. >> well, you are going to hate the boy. i mean, obviously. tell us a little bit about -- >> automatically. >> yes, automatically. tell us what she talked about in terms of the things that she would like people to know. clearly, it was challenging back four years ago. there were a lot of questions about, you know, the priests, reverend wright and all this. now people know the family. they're in the white house. what did she really want to convey in your interview? >> i mean, you know, i thought she was trying to get -- and i thoug
>> how did she answer that, steve? >> i mean, you know, she was very -- she would say you would have to admire him for his guts and courage, you know? she took a really light-hearted view of it. i mean, like they say, you know, their daughter is not there yet. my daughter is 15, you know. she had her first boy guest over with a group of girls, you know, group of girls and guys came over to the house this past labor day, so, i mean, it's something we all got to face eventually. i...
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but it was martin kaymer's putt on the 18th green yesterday against steve stricker which brought the cup back to europe. it was a shocking performance on the part of the americans. europe went out and won the first five matches yesterday, and that really instilled a belief in the rest of the team. in the end, europe won 8 1/2 points out of a possible 12. for an improbable victory. there was a little bit of drama yesterday, as well, because rory mcilroy, as you know, is the world number one. but he had mistakenly looked at the time sheet, and saw that it was a tee off time for 12:25 p.m. so in actual fact that was eastern time instead of central time. so he was due at the course way before 11:25. but he didn't arrive until seven minutes before his tee time. eventually getting here courtesy of hitching a ride with a state trooper. but he managed to make it to the key, casually walked out onto the course and brought home a valuable point to the european team. but had he not made it here on time this would have been a totally different story. however there was a nice moment when the capi
but it was martin kaymer's putt on the 18th green yesterday against steve stricker which brought the cup back to europe. it was a shocking performance on the part of the americans. europe went out and won the first five matches yesterday, and that really instilled a belief in the rest of the team. in the end, europe won 8 1/2 points out of a possible 12. for an improbable victory. there was a little bit of drama yesterday, as well, because rory mcilroy, as you know, is the world number one. but...
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is not steve jobs. >> i knew steve jobs and mark zuckerberg is no steve jobs. >> what would make a difference if he changed his wardrobe? you would be happy? >> it might be like sampson cutting his hair in the bible. he changes his t-shirt and suddenly he loses all of his internet powers. >> i don't know if you knew him when you were at your alma mater but i feel like there's something about growing out of college. >> i deny anything i did at my alma mater on a regular basis. >> my own unsolicited advice is equally large reach, which is to oprah. >> oh. >> oprah, who is still a goddess to me and virtually every woman i know, has a very big voice. and oprah's endorsement of what was at stake in 2008 in that election was very powerful. and oprah speaking out, other women speaking out, we have a candidate on the republican side who wants to relitigate -- talk about litigating, wants to relitigate fights women have had and we thought we won for the last 50 years. mitt romney wants to take us back, the republican-dominated congress and senate would take us back to those fights all over again. opra
is not steve jobs. >> i knew steve jobs and mark zuckerberg is no steve jobs. >> what would make a difference if he changed his wardrobe? you would be happy? >> it might be like sampson cutting his hair in the bible. he changes his t-shirt and suddenly he loses all of his internet powers. >> i don't know if you knew him when you were at your alma mater but i feel like there's something about growing out of college. >> i deny anything i did at my alma mater on a...
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steve grogan who was also convicted in the murder of the stuntman shorty shay, was released on parole in the mid-1980s. the prosecutor who sent the manson family to prison says davis should stay behind bars. manson himself was denied parole for the 12th time. he will not be eligible for parole for 15 years. by then, he will be 92 years old. arnold schwarzenegger said it was because of the heinous crimes. this was something that gripped the country and still is a part of kind of our psyche today. the parole board, though, saying he has taken part in every single -- every single kind of betterment and wellness and self-education program they've had. never had a disciplinary problem since 1980. they're recommending i ing it's for him to be released. >> thank you. >>> u.s. special operations forces are now in libya helping gather intel on militants allegedly involved in the attack on the american consulate in benghazi that killed four americans. military officials tell cnn that includes intercepting communications, analyzg drone images and one-on-one interviews with people who may have in
steve grogan who was also convicted in the murder of the stuntman shorty shay, was released on parole in the mid-1980s. the prosecutor who sent the manson family to prison says davis should stay behind bars. manson himself was denied parole for the 12th time. he will not be eligible for parole for 15 years. by then, he will be 92 years old. arnold schwarzenegger said it was because of the heinous crimes. this was something that gripped the country and still is a part of kind of our psyche...
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i wanted to hear bain's side of the story and steve pagliuca took me up on the offer. he is a managing director, but one of the people that actually runs the firm. he is a democrat, he ran in the primary for the massachusetts senate seat, losing to elizabeth warren. also managing partner of the boston celtics. thanks for being here. >> great to be here. >> let me show you some clips from the democratic convection and get your reaction. you've seen this before. >> folks, the bain way may bring your firm the highest profits, but it's not the way to lead your country from the highest office. >> so what did you think when you listened to that? >> well, look. hyperbole has been part of the elections since the day of john adams and there's no one better than joe biden to give us a little hyperbole as we all know. i think people discount that hyperbole. we know it's hyperbole. we wake up every day trying to build businesses. it's a misnomer out there that private he can quit profits by shrinking companies. in fact, it's just the opposite. private equity creates value by growi
i wanted to hear bain's side of the story and steve pagliuca took me up on the offer. he is a managing director, but one of the people that actually runs the firm. he is a democrat, he ran in the primary for the massachusetts senate seat, losing to elizabeth warren. also managing partner of the boston celtics. thanks for being here. >> great to be here. >> let me show you some clips from the democratic convection and get your reaction. you've seen this before. >> folks, the...
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we have a great leader, steve israel, chairman of our committee very analytical and very strong and scientific as to how we go forward. it's mostly about the vision for our country. >> you believe, correct me if i'm wrong, that paul ryan being added to the republican ticket has helped you in trying to gain seats, is that right? >> mark your calendar, august 11th, the day he was chosen gave a clarification to the issue of medicare. this is a person who has been the destroyer of medicare guarantee. >> he wants to save it he says. >> wither on the vine. he wants it to wither on the vine. which is the language the republicans used when they're not on tv. but here's the thing, the six times do-nothing republican congress which refused to pass a jobs bill or i've said some of the other bills earlier has taken the time for six times to sever the medicare guarantee. by naming romney the spotlight move to that for 16 months we had been saying -- previous to that, we've been saying to members the most important issues in alphabetical order is medicare, medicare, medicare. it's about our seniors and thei
we have a great leader, steve israel, chairman of our committee very analytical and very strong and scientific as to how we go forward. it's mostly about the vision for our country. >> you believe, correct me if i'm wrong, that paul ryan being added to the republican ticket has helped you in trying to gain seats, is that right? >> mark your calendar, august 11th, the day he was chosen gave a clarification to the issue of medicare. this is a person who has been the destroyer of...
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. >> it's been exactly one year since steve jobs passing. and my unsolicited advice today is for all of the mavericks in america, all the people that walked against the crowd, all the people who disagree with everybody in the room, everybody in a classroom that says i don't agree with what's going on here today, the mavericks have made america great. if we lose our mavericks, we lose our edge. this is unsolicited advice for the mavericks, you keep it up. >> are there mavericks out there today? always hear about steve jobs. >> are they in montana? >> actually more coming to montana. and we have our own to begin with. >> he's a maverick in and of himself. he really is. >> this is what is different about america. we actually revere the mavericks. if you go everywhere else in the world, they doept. they wonder what's wrong with that person not conforming. we like the nonconformists. >> and we can start great businesses out of a garage. >> and john mccain the maverick probably would have done better in the presidential race. >> absolutely. i was
. >> it's been exactly one year since steve jobs passing. and my unsolicited advice today is for all of the mavericks in america, all the people that walked against the crowd, all the people who disagree with everybody in the room, everybody in a classroom that says i don't agree with what's going on here today, the mavericks have made america great. if we lose our mavericks, we lose our edge. this is unsolicited advice for the mavericks, you keep it up. >> are there mavericks out...
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then today jim furyk disappears, steve stricter disappears late. god knows what he was doing here. this was not good. >> it was fascinating because we were talking about it in the newsroom earlier. people sort of kind of clenched up when they said it's going to come down to tooger, can he do it? that never would have been the case. >> tiger was hitting well today. if it would have come down to tiger, i have a feeling he would have done okay. to be fair, ian poulter played out of his mind birdiesing the last five holes. that set up for the miracle from their standpoint, the choke from our standpoint. >> what we're showing is the winning putt. it started yet. you can see it. the front page of every single paper because they were so excited. he knows it. >> in the old days, the europeans wanted this thing more than we did. now we really, really want it and that's why we really, really choked. >> let's switch gears a little bit and get over the heartbreak and go to a different topic. so baseball great chipper jones retiring after 19 years in the major leagues, all with the atlanta brav
then today jim furyk disappears, steve stricter disappears late. god knows what he was doing here. this was not good. >> it was fascinating because we were talking about it in the newsroom earlier. people sort of kind of clenched up when they said it's going to come down to tooger, can he do it? that never would have been the case. >> tiger was hitting well today. if it would have come down to tiger, i have a feeling he would have done okay. to be fair, ian poulter played out of his...
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we'll ask one of the men who runs that company, steve pagliuca. with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help protect, preserve, and promote muscle health. keeps you from getting soft. [ major nutrition ] ensure. nutrition in charge! not quite knowing what the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ >>> all of a sudden everyone knows the name bain capital, the private equity firm that mitt romney founded and has been discussed and attacked during the presidential campaign, but most of the top executives in the private equity industry have stayed silent throughout all of this
we'll ask one of the men who runs that company, steve pagliuca. with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help protect, preserve, and promote muscle health. keeps you from getting soft. [ major nutrition ] ensure. nutrition in charge! not quite knowing what the next phase was going to be, you know,...
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this from steve. seems that it's not so much that i'm voting for someone. i'm always voting against someone. facebook.com/carolcnn. please continue the conversation. >>> you can't drive 55, well, no one else can either. instead of providing more money and man power to enforce the law, many politicians across the country are upping the speed limit big time. according to the governor's highway safety association seven states, kansas, kentucky, maine, ohio, pennsylvania, texas and virginia have increased speed limits to as high as 85 miles per hour on certain roads. maybe you're saying it is about time. consider this. there is no doubt excessive speed kills. if you have a need for speed, highway 130 near austin, texas, is where you have to be. later this fall posted legal speed limit 85. >> it is the highest posted speed limit on the whole western hemisphere, right? it is really pretty neat. >> an anomoly? not by a long shot. according to the insurance institute for highway safety, 35 states have raised speed limits to 70 miles per hour or higher, and no one i
this from steve. seems that it's not so much that i'm voting for someone. i'm always voting against someone. facebook.com/carolcnn. please continue the conversation. >>> you can't drive 55, well, no one else can either. instead of providing more money and man power to enforce the law, many politicians across the country are upping the speed limit big time. according to the governor's highway safety association seven states, kansas, kentucky, maine, ohio, pennsylvania, texas and...
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we're seeing investors come in because of all the right things, steve and i agree it's a good time to buy real estate. that said, there's investors coming into real estate, buying single family properties either renovating or renting it. when you flip to rent a single family home versus floipg buy you have far less multipliers. renters are hard on properties rather than owners. multipliers are much less but we're not seeing the real come back in single family housing starts that we would like to see to see if the jobs you really want to see. that's where the bang for the dollar is. that's why fed picked mortgaging backed securities to purchase to help that market. >> let's take this over to don for a second. you're the guy who can explain in very clear terms for my audience how it is with a combination of low interest rates and low property rates and a boom in housing, how much of a relationship that has to job creation. there still may be some people in this country who don't get what a big deal is that. how do you create jobs. >> number one is construction jobs. when there's demand
we're seeing investors come in because of all the right things, steve and i agree it's a good time to buy real estate. that said, there's investors coming into real estate, buying single family properties either renovating or renting it. when you flip to rent a single family home versus floipg buy you have far less multipliers. renters are hard on properties rather than owners. multipliers are much less but we're not seeing the real come back in single family housing starts that we would like...
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this from steve, mr. president, you said you would have the deficit and have a plan to pay down our debt within your first term and you haven't done so. so why should we trust you to keep your promise in your second term. from joe, to both, when will either of you stop worrying about your parties and start worrying more about our nation? facebook.com/carolcnn. keep the conversation going. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new styling... sophisticated dual cockpit design, and sport sculpted seats. available chevrolet mylink infotainment system. the all-new 2013 chevrolet malibu. ♪ refined comfort to get you in a malibu state of mind no matter what state you live in. ♪ >>> today is the last day of baseball's regular season. we know all the playoff teams, but not all the division winners. the oakland a's and texas rangers play today to decide the a.l. west champs. the a's won last night to pull into a tie for a top of the division. oakland
this from steve, mr. president, you said you would have the deficit and have a plan to pay down our debt within your first term and you haven't done so. so why should we trust you to keep your promise in your second term. from joe, to both, when will either of you stop worrying about your parties and start worrying more about our nation? facebook.com/carolcnn. keep the conversation going. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new...